Justin Sun, the founder of Tron, filed a federal lawsuit against Bloomberg, accusing it of planning to publish details of his cryptocurrency holdings despite confidentiality commitments.
Sun warned that disclosing this information could expose him to risks of hacking, theft, and even physical harm.
The lawsuit, filed in Delaware court, seeks to issue temporary and permanent injunctions preventing Bloomberg from publishing the exact figures he provided to verify his wealth for inclusion in the billionaire index.
Sun confirms that he agreed to provide this information after receiving explicit guarantees of its confidentiality.
The documents indicate that publishing specific amounts of cryptocurrencies could enable malicious actors to identify wallet addresses using transaction analysis techniques, increasing the risk of what is known as 'ransom attacks' — which is a violent method of forcing victims to transfer their digital assets.
The lawsuit states that Bloomberg typically only publishes the aggregate values of financial holdings or publicly disclosed data, while warning that disclosing 'Sun's' data would set a dangerous precedent.
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